Continuous Testing Market to Grow at a CAGR 15.9% – Report by MarketsandMarkets

“Major vendors in continuous testing market are Mindtree (India), EPAM Systems (US), HCL Technologies (India), Atos (France), Tech Mahindra (India), Hexaware (India), Tricentis (Austria), Cigniti (India), Larsen and Toubro Infotech (India), NIIT Technol”
The continuous testing market is expected to grow from USD 1.15 Billion in 2018 to USD 2.41 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period, owing to the growing need for continuous and timely delivery of software. In addition to this, organizations across various industry verticals are looking forward to digital transformation for enhancing their business operations and DevOps going mainstream are the factors that are driving the growth of market.

According to research report Continuous Testing Market by Service (Professional Services and Managed Services), Interface (Web, Mobile, and Desktop), Deployment Type, Organization Size, Industry Vertical, and Region – Global Forecast to 2023″, publish by MarketsandMarkets™, defines, describes, and forecasts the global market. The report also identifies factors driving the market such as increasing adoption of IoT-enabled devices and advancements in Artificial Intelligence (AI), neural networks, and machine learning technologies.

The retail and consumer goods is expected to be one of the fastest-growing industry verticals, due to the rising consumer purchasing power. Hence, this industry vertical is attracting investments from major companies across the globe. The retail and consumer goods industry vertical deals with large numbers of vendors for raw material supplies, operational activities, and product deliveries. Enterprises in this industry vertical require stable software for managing and automating supply chains. For eCommerce players who are dependent on software to automate process flows, continuous testing help recognize optimizing parameters to test and improve the Return on Investment (RoI) on software implementation.

The continuous testing service providers’ prime responsibility is to ensure the proper deployment and integration of continuous testing solutions as per the specific requirements of clients. Implementation services enable clients to appropriately deploy and integrate testing solutions within their existing systems, including the current testing platform and the ongoing phase of the software development life cycle. These services are provided by trained and technically expert professionals who ensure the accurate deployment of continuous testing.

Cloud services are provided directly through cloud-deployed network connectivity. These services help reduce overall costs, while they also provide highly flexible and scalable access to solutions throughout  IT infrastructures hosted by cloud service providers. Companies are deploying solutions on the cloud to improve their mobility and decentralize their data storage and computing. Security is a critical issue that restricts the adoption of cloud services. However, this issue is being gradually solved by conducting rigorous security tests. Due to the advantages of cloud services, many enterprises are switching from the on-premises deployment type to cloud-based software.

Among services, the managed segment is expected to have a higher growth rate in the continuous testing service market. It is difficult for organizations to focus on their core business processes and support functions simultaneously. Hence, these organizations prefer outsourcing their support activities to specialized service providers known as managed service providers. Managed services assist organizations in optimizing their continuous testing practices in a cost-effective manner. They also ensure the smooth functioning of business operations. Moreover, managed services help organizations in maximizing their productivity. Atos, Larsen and Toubro Infotech, and Cognizant are some of the providers of managed services in the continuous testing market.

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